SINGAPORE: The collaboration between Changi Airports International (CAI) and Airports Authority of India (AAI) to promote and broaden bilateral cooperation in the area of civil aviation will not go on as planned, CAI confirmed on Friday (Apr 15).
Responding to queries from Channel NewsAsia, Ms See Ngee Muoy, spokesperson of CAI, said both parties were not able to come to an agreement on the commercial terms of the proposal, hence they have decided not to proceed with the project.
In January this year, Singapore Cooperation Enterprise (SCE) had nominated CAI as an expert party to cooperate with AAI on the maintenance of the Ahmedabad and Jaipur airports. A Memorandum of Understanding (MoU) was also signed between SCE and AAI, during Indian Prime Minister Narendra Modi’s visit to Singapore in November last year.
Some of the areas of joint interest as outlined in the MoU included master-planning and design, traffic and commercial developments, service quality improvement and cargo handling and management.
“As an airport investor, manager and consultant, CAI will continue to explore opportunities in airport projects in India where we can add value and where there is a strong fit with our global strategy,” Ms See added.
CAI is an investor, consultant and manager of airports around the world. It is a subsidiary of Changi Airport Group, which runs Singapore’s Changi Airport. In 2015, Changi Airport handled a record 55.4 million passengers and was voted the World’s Best Airport for the fourth year in a row.